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Sep 04 - 01:55 PM

EUR/USD - Recovery Falters Ahead Of 200-DMA

By Justin Mcqueen  —  Sep 04 - 10:45 AM
  • Holiday-thinned trade keeps price action muted for the Euro

  • Monday's bounce stops short ahead of 200-DMA (1.0816)

  • Support: 1.0766 (weekly low), break likely opens up move towards 1.07

  • Euro zone's gloomy economic outlook keeps bears in control

  • Sentix index deteriorates further in Sept at -21.5 from -18.9 nL8N3AF0BD

  • Raised doubts over an ECB hike as markets attach 27% chance 0#ECBWATCH

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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